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Palantir Technologies Inc (NASDAQ:PLTR) shares are gaining momentum during Friday’s morning session. This follows a broader weekly rally where the stock jumped over 11%. Investor sentiment is shifting as macroeconomic and company-specific factors align.
Nasdaq futures are up 0.49% while S&P 500 futures have gained 0.49%.
Geopolitical Tensions Ease
Broader market optimism is fueling the move on the heels of a 10-day cease-fire agreement between Israeli forces and the militant group Hezbollah, which went into effect at midnight.
President Trump said on Friday that the U.S.’s naval blockade in the Strait of Hormuz will remain in place until a deal with Iran is reached.
Wall Street Defends Growth
Wedbush analyst Dan Ives recently defended the company against …
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